Asante GoldASGOF +11.18%33 Quick Ratio is 0.33 as of Mar. 2026, which is 267% above its 10-year median of 0.09. GuruFocus rates ASGOF with a GF Score™ of 33/100 and a GF Value™ of $1.02 (Possible Value Trap). The stock has 5 warning signs investors should review. Among 2,638 Metals & Mining companies, Asante Gold ranks worse than 85.94% on this metric.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as a company's Total Current Assets excludes Total Inventories divides by its Total Current Liabilities. Asante Gold's quick ratio for the quarter that ended in Mar. 2026 was 0.33.
Asante Gold has a quick ratio of 0.33. It indicates that the company cannot currently fully pay back its current liabilities.
The historical rank and industry rank for Asante Gold's Quick Ratio or its related term are showing as below:
ASGOF'
s Quick Ratio Range Over the Past 10 Years
Min: 0.01 Med: 0.09 Max: 5.9
Current: 0.33
During the past 13 years, Asante Gold's highest Quick Ratio was 5.90. The lowest was 0.01. And the median was 0.09.
ASGOF's Quick Ratio is ranked worse than 85.94% of 2638
companies
in the Metals & Mining industry
Industry Median: 2.32
vs ASGOF: 0.33
Asante Gold (OTCPK:ASGOF) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Asante Gold Quick Ratio Related Terms
Asante Gold Quick Ratio Historical Data
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The historical data trend for Asante Gold's Quick Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Gold subindustry, Asante Gold's Quick Ratio, along with its competitors' market caps and Quick Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Asante Gold Quick Ratio vs Metals & Mining Industry
For the Metals & Mining industry and Basic Materials sector, Asante Gold's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Asante Gold's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Asante Gold's Quick Ratio for the fiscal year that ended in Jan. 2024 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Asante Gold (ASGOF) has a Quick Ratio of 0.33 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Asante Gold and its competitors. This is 267% above median its historical median of 0.09. Over the past decade, Asante Gold's Quick Ratio has ranged from 0.01 to 5.90. According to the industry distribution chart, Asante Gold ranks #2267 out of 2638 companies in the Metals & Mining industry, placing it in the top 85.9%.
Is Asante Gold's Quick Ratio too high?
Asante Gold's current Quick Ratio of 0.33 is 267% above median its 10-year median of 0.09. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 5.90. The Metals & Mining industry median Quick Ratio is 2.32. Asante Gold's value of 0.33 is 85.8% below this industry median. Based on the distribution chart, Asante Gold ranks #2267 out of 2638 companies in the Metals & Mining industry, which is in the bottom quartile relative to peers. Overall, Asante Gold has a GF Score™ of 33/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Asante Gold's Quick Ratio compare to NEM and AU?
According to the Metals & Mining industry distribution chart, Asante Gold ranks #2267 out of 2638 companies for Quick Ratio. This places Asante Gold in the lower half of its industry. The industry median Quick Ratio is 2.32. Asante Gold's value of 0.33 is 85.8% below this benchmark. Historically, Asante Gold's own Quick Ratio has ranged from 0.01 to 5.90 over the past decade. While the company's 10-year median is 0.09 vs. the industry median of 2.32, Asante Gold has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Quick Ratio for a Metals & Mining company?
The median Quick Ratio among Metals & Mining companies is 2.32, based on 2,638 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Asante Gold's current Quick Ratio of 0.33 is 85.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Asante Gold and its competitors. For the Metals & Mining industry, the median Quick Ratio is 2.32 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Asante Gold's current Quick Ratio is 0.33, which is 267% above median its own 10-year median of 0.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Asante Gold stock overvalued right now?
Based on GuruFocus' analysis, Asante Gold (ASGOF) is currently considered Possible Value Trap. The stock's GF Value™ is $1.02, compared to a current price of $0.51 — trading 49.9% below its estimated fair value. The current Quick Ratio is 0.33, which is 267% above median its 10-year median of 0.09 and 85.8% below the Metals & Mining industry median of 2.32. Asante Gold's overall GF Score™ is 33/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Asante Gold (ASGOF), the current Quick Ratio is 0.33 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Asante Gold (ASGOF) Overvalued in 2026?
Based on GuruFocus' analysis, Asante Gold stock appears to be undervalued.
The current stock price of $0.51 is trading 49.9% below its estimated GF Value™ of $1.02.
GuruFocus considers Asante Gold to be Possible Value Trap.
Key valuation signals for ASGOF:
Quick Ratio: 0.33 (267% above median its 10-year median of 0.09)
GF Value™: $1.02 vs. price of $0.51 (49.9% below fair value)
Industry Position: 85.8% below the Metals & Mining median (#2267 of 2638)
No single metric tells the full story. See the ASGOF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Asante Gold Corp business activity is the operation of its two gold mines, the Bibiani Gold Mine and the Chirano Gold Mine, in the Republic of Ghana through a holding of interest in its subsidiaries. The Company is conducting exploration activities on properties assessed to be of merit for locating additional mineral resources, and has acquired or has options to acquire mining concession rights to additional properties in Ghana, where it is actively engaged in exploration and evaluation activities. The Company reports the results of two operating segments, the Bibiani Gold Mine and the Chirano Gold Mine, which generate maximum revenue.
33GF Score
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